DMCC - CMP 371.95 | Dated 21 April
The stock is a higher high and higher low formation with good volume support
Concentrate if the price is sustained above 378 with targets of 396 and 416
It breaks the trendline and how at major resistance zone if it breaks then expecting good move from here.
And today's volume is too high. I think buyers are more interested.
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- Take Daily trades at 3: 00 pm every day
- Try to exit by taking 4-5% MAXIMUM PROFIT from each trade
- Trade can be held for 1 week
- Simple price-action strategy
- Resistance Pattern in DMCC on Daily chart time frame.
📌SWING TRADE FOR NEXT WEEK🚀
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I am a swing trader by passion i only trade on swing stocks.
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📌TRADE ANALYSIS OF DMCC:-
•Breakout of symetrical pattern on WTF with strong candle
•Break counter trend line and hidden lines
•Volume increases last few weeks high
•Bullish...
DLCC is giving a nice breakout. Supporting factors for analysis
1) Market Structure Break
2) Breakout - Consolidation - Breakout
3) Pole and Flag Formation
4) Volume Breakout
Dear Traders,
This scrip is expected to give tendline Breakout in the coming days as it is on the Verge of tendline Breakout. So traders keep this scrip on your radar to catch the Momentum. Thanks to All 🙏🙏🙏
📌Good Accumulation Happening
✅Keep an Eye
#DMCC
- Stage 2 Breakout followed by retest
- Spending time at the Retest Zone
- Above Key EMAs
- Bullish RSI
The stock seems to have bottomed out and maybe its expansions start to kick in. Today is the result for the company.
Long above 380 with stoplsos below 355 and if you don't like that much risk then below 365.
There is a little bit of a wedge breakout here.
Dharamsi Morarji Chemical Company, DMCC as its well known in industry, is a decades old company into manufacture of sulphuric acid and related chemicals. It is into speciality chemicals and APIs too.
Recent quarterly results too give confidence of investment/trade in it. Now the company being listed on NSE too, it is now in the eyes of wider audience.
Technically...
An interesting company with expansions in all its capacities. The company has promised on all expansions.
Long at current price with stoploss below 320. This company is surely and add once again above 415 and once again above 440.
Even if the SL triggers i'd be interesting in again looking at buying the company around 300. (Or just take an allocation where the...
Dharamsi Morarji Chemicals Co Ltd
DHARAMSI
CMP: 386
- 1 year box consolidation near All Time High
- Stock moved from 130 to 400+ in 5 months (Nov 2020 to Mar 2021)
- Flag and pole pattern formation
This chart is only for educational purposes. Do your due diligence before investing or trading. I'm not responsible for any profits or losses that arise from your actions. The purpose of sharing this chart is only for education, and it serves as my personal diary.
Dharamsi Morarji Chemicals---> Almost Debt Free
Consolidation in Triangle pattern
Good Volumes in Breakout
Look for Very Short term or Mid term Positional Bet
Enter at CMP for targets of 430+
Refer Chart for Entry Details.
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Strict SL to be followed in Every Trade
